$BTCUSD - My $110K vision
Hi guys! 👋🏻
🔔 You heard Bitcoin for 110K many times, so in this chart I tried to visualize it to show why this is very possible.
🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop.
🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin.
🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well.
🔔 The importance of EMA50
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 You heard Bitcoin for 110K many times, so in this chart I tried to visualize it to show why this is very possible.
🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop.
🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin.
🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well.
🔔 The importance of EMA50
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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